A Simple London Breakout V.2

The EA 3.2b doesn't work an error "trading not allowed yet"......

Go to indicator properties (Right Click) and select Allow Live Trading

I am a newbie, I have the problem with the EA. Please help me!


1) After installing the EA, I open EUR/USA chart, there is a message:

“The Robot not trading because SendTrade is set to False”

I go to EA and make a change in “ Input “ tab . I change the line “ SendTrades “
from FALSE to TRUE, then I click on SAVE but I cannot save it ( nothing happens). So I click on OK, then it prompts me to the Alert screen with words:

LB EA : EUR/USA … INITIALIZED …

I click on OK

I come back to check the line “ SendTrades “ to make sure it
changed to TRUE. However, it is still in FALSE mode
I repeated the process many times but it is still in FALSE mode http://cdn.forexfactory.com/images/icons/icon9.gif


What happens & how to solve it ?

Thanks alottt

L

Hi L,

There is no no need to click save on the inputs tabs of the EA just change the send trades to true and click OK and this should work

Hope this helps

Lysian

* Hi Lysian & All,

I DID try Not Click On SAVE . I only click on OK, then it prompts me to
small Alert window with words:

LB EA: EURUSA ...... INITIALIZED.....

I click on OK, then appears on the upper left of the chart such words:

Trade Comment = 3 tier London Break out

Local Time,2020.10.01 Broker time 2010.10.01..... Bar time.....

Buy Entry 1.36660, TP 1.37040, ST 1.36280

Sell Entry 1.36280, TP 1.35900, SL 1.36660
Trading hours 9:15...
Moving to BE+1 pips when reached TP1
Martingale Not USED
V1.2b+++++TRADING++++++


However, the EA does not trade automatically . Nothing happens!

Do I miss somethings or Did I do something wrong ?

By the way! When coming back to check the line " SendTrades ",
I still see it set to " FALSE ", not TRUE ( I did changed from False to TRUE) http://cdn.forexfactory.com/images/icons/icon9.gif

L

Hi L,

From what you have written everything seems to be fine but I'm confused as why you don't get trades. All I can suggest is that you delete the EA from your experts folder and then download another copy from this thread. Remember not to save on the inputs tab only press ok and, hopefully, this will work

Lysian

Thanks for reply and explanation.

Regards,
RL

Hi

I have read this thread and I am interested to try this in my demo account
Actually I find two threads by Mer , which one should I follow , and which is the best Pls help me to get started

Thanks, Lysian. I deleted the EA and downloaded another copy as you suggested. But the problem has not solved yet. I cannot run the EA

Anyone can help me, please !

Thanks in advance

L

Hi L,

What broker do you use? Do they alow micro lots? By default the EA sets up lot size of 0.01 - maybe the broker only allows 0.1 and above? Its all I can think of as the readout you get in the top left of the screen appears to be correct

Lysian

At attempt to send the order there is an error (invalid function parameter value 4051).... What can it mean help who knows?

My broker is FXDD . It allows micro lots, so 0.01 is OK
Broker Time: GM+2 ( Start from 5PM EST )

I cannot change :

1) " Sendtrades " from False to True

2) Start time from 6:00 to 8:00

Conclusion: I cannot change anything in Input Tab

I use 2 computers and download the EA to them .
Both computers have same problem. I do not know WHY.

L

is it a matter of turning limitboxtomaxsize to false?

EDIT: yes it is

Hello everybody in here, in order to continue with problems as to the installation of the ea .... I just cannot drag the EA from out of the navigator into the chart! Can anybody tell me, what's the problem?

I tried to fix the parameters in the Editor but I do not have the rights to do so, is that true?

thx!

this is not EA it is an indicator

Is there a way to tell the EA NOT to do this, and just let all trades run?

You can set the parameter BreakEvenProfitInPips=0
[when >0, will move SL to BE+BreakEvenProfitInPips when price has reached BE+BreakEvenPips]
in this case EA will not move SL, or you can set it to 15 pip or more and this allows you to have more profit in case price will not reach second or third targets.

how can we set the EA to trade just 1 micro lot and close it @ first target

Dear Mer and Squalou,

First of all I would like to thank you for that really excellent job which you have made. I saw many trading systems, but your LBO is one of the best (possible the best that I ever seen). Special thanks to Squalou for perfectly made EA.

I have made many tests and had come to a conclusion, that System shows the best results on GU.
Now I am using EA on GU with the following settings (not all shown):
MinBoxSizeInPips = 25; MaxBoxSizeInPips = 40;
LimitBoxToMaxSize = true; StickBoxToLatestExtreme = false;
TP1Factor = 35.00; TP3Factor = 100.00
AutoMartingale = true; ResetMartAtFirstProfit = false;
brokerIsECN = true
(25-40 / 35-100 is not very profitable, but with the lowest DD, but if capital allows it’s better to use 25-55 / 35-125 or 25-60 / 40-110 …)

Before the important news, brokers usually increase the stop's levels (mine, for example, usually up to 30p), very often the edge of box breaking exactly at this time, so if the TP or SL is less than 30p, an error message returned and order is not accepted. So I set the parameter brokerIsECN = true, for the same reason I have to set the level of TP more than 30p.


As to EA, I have a kindly request to Squalou: whether probably in new version of EA to add option LimitBoxToMinSize, similar to option LimitBoxToMaxSize:
"//when true, a box smaller than MinBoxSizeInPips will be limited to MinBoxSizeInPips".


It would allow to test system at small boxes. Besides, sometimes on small boxes, the price can make considerable movements. Well, for example today (Oct., 8) on USDCHF the size of box was 17p, however the price has passed nearby 65p from edge box. So if we EA can limit box from 17p to (for example) to 30p, we can reach two targets – 30p and 54p.

Thanks in advance, hope my request is not onerous task. Also hope, it will allow to improve profitability of systems.

With the best regards,
Konstantin.

Set the Lot = 0.01 and TP3Factor = 0